Indian Economy: News and Discussion

[Knowitall]

Populist spending..over the years.. fiscal deficit above 6.5% .. UPA govt with similar FD numbers would've been tied to a pole and burnt alive.

Bhajpa hai kuch soch ke hi Kiya hoga. Let them lose a few more elections which seems imminent now.

Fir shayad dimaag chale.

 

[Chandragupt Maurya]

The are in brampton canada as well thieves , drug dealers and involved in all kind of illegal activities (including pr*stitution) most of them drive trucks and arent much educatated they have turned Ontario into mexico
I was thinking why farmers from Bihar and UP dont migrate to italy ?

 

[HawkisRight]

Divestment target for FY23 seen at Rs 65,000 crore..aa gaye aukat pe

Income from Long Term Capital Gains will be taxed at 15%..

 

[another_armchair]

Fir shayad dimaag chale.

Tab tak kaafi der ho chuki hogi. The trend started with LootLee and Modinomics. They did well but could've done a LOT LOT better given the populist and overwhelming majority they had.

Talk about sabotaging one's own cause.

 

[Physx32]

You tagged a fking anti hindu for middle class , please be aware of what shit you post

That guy may be an anti hindu shit, but his point was correct.


Budget allocation for different ministries (Link):

 

[iNorthernerOn9]

12.5% increase in CAPITAL ALLOCATION for goodies

 

[ezsasa]

imagine a former finance secretary who does not understand pre-existing taxation regime on speculative markets.

 

[Covfefe]

Populist spending..over the years.. fiscal deficit above 6.5% .. UPA govt with similar FD numbers would've been tied to a pole and burnt alive.

UPA govt wasn't dealing with a post pandemic economy
2 years are essentially lost just to get to the level we were in 2019. Public spending has to remain high- private investment isn't a big thing here
It was pretty predictable that government won't reduce taxes because they need to fuel so many schemes and policies- every scheme is not populist. MSP and PM KISAN do put money in the hands of bottom of the pyramid- there are middle men and stuff but when have we stopped solving a problem because there's another problem with the solution. Govt should make good use of the available capital in the market both local and abroad- this may very well be like 2001-05 period, when markets slow tapering is anyway the norm.

Middle class has always been the neglected stray of the society, nothing new there. Speaking of strays, where is Billa? I miss his black-pilling on Tai especially today

 

[HariPrasad-1]

Only those which can come in the route of a bullet train connecting two megacities the only megacities i know in south india are Chennai , Bengaluru and Hyderabad and these 3 cities are smaller than Mumbai , Delhi or Kolkata both in terms of population and GDP
Not To mention cities like Patna , Lucknow , Jaipur and Ahmedabad are bound to become megacities by 2031

Where is the world's fastest growing city Surat?

 

[another_armchair]

UPA govt wasn't dealing with a post pandemic economy
2 years are essentially lost just to get to the level we were in 2019. Public spending has to remain high- private investment isn't a big thing here
It was pretty predictable that government won't reduce taxes because they need to fuel so many schemes and policies- every scheme is not populist. MSP and PM KISAN do put money in the hands of bottom of the pyramid- there are middle men and stuff but when have we stopped solving a problem because there's another problem with the solution. Govt should make good use of the available capital in the market both local and abroad- this may very well be like 2001-05 period, when markets slow tapering is anyway the norm.

Middle class has always been the neglected stray of the society, nothing new there. Speaking of strays, where is Billa? I miss his black-pilling on Tai especially today

Am not shilling for UPA... just trying to state it.. but didn't they do the same post 2008 crisis.. the only difference between the spending then and the spending now is good amount of money then was siphoned off through friends and operators... NDA may have done the same thing with a lot more transparency thus leading to fewer charges of corruption but the end result is the same - Fiscal deficit was high then and remains high now.

When fiscal deficit is high, mango man takes a hit. When mango man takes a hit, he gets pissed and we know how that works for the ruling party. The situation on the ground is mixed... and yes, there is a lot of resentment.. kind witnessed in 2012-2013.. and layoffs, variable pay cut offs had started in Q3 2019-20 and Q4 till pandemic hit us like a tsunami.

Lessons for all to take.

Billa must be at his trading terminal ...

 

[nixin]

Spoiler: DEFENCE

Spoiler: CAPEX

385370 + 152369 = 537739
Crores

 

[IndianYonko]

Sometimes I think, Whats the problem in paying taxes. If one has the problem, stop earning.

Spoiler: Spoiler

~Nirma Tai.

 

[Kumata]

For a change, our retarded opposition have understood that traditional njp. Vote bank is up for grabs...I always wonder what modi is thinking... Somebody need to be fired....

 

[Chandragupt Maurya]

i was waiting for approval of Delhi Kolkata High speed rail corridor in this budget

 

[another_armchair]

While all eyes are on the budget, we are back at 4 figure covid fatalities. Wonder how much inflated by Kerala but the numbers from other states are equally disturbing.

 

[Chandragupt Maurya]

Spoiler: DEFENCE

View attachment 135146

Spoiler: CAPEX

View attachment 135148

385370 + 152369 = 537739
Crores

71.96 billion dollars approx

 

[Physx32]

i was waiting for approval of Delhi Kolkata High speed rail corridor in this budget

Is HSR the only thing you know? Delhi Kolkata HSR won't be a reality in 15 years.

 

[HariPrasad-1]

This year gdp growth rate is 9.2%
In this inflation is added or not

No, Inflation not added. At market value, Growth rate shall be around 14%.

 

[ladder]

i was waiting for approval of Delhi Kolkata High speed rail corridor in this budget

How many times I have to tell you, it's going to be Kolkata to Delhi HSR and not the other way around.
In which direction did the capital shift? From Calcutta to Delhi and not the other way around. So it is Kolkata Delhi HSR.

 

[another_armchair]

Is HSR the only thing you know? Delhi Kolkata HSR won't be a reality in 15 years.

Parts of Bihar still have meter guage trains and nobody buys a ticket. They just hop on.. HSR my ass.